Well, it may have arrived before you planned, but the market has turned. Not only are people in almost every area of the country talking about higher volume, but the data back up their talk. Of course there are some areas still in the trough, and many sellers are still selling at below what they purchased properties for, but the numbers are in.
According an article on the NAR (National Association of Realtors) web site, "Investment and Vacation Home Sales Surge in 2011". Well it seems that investment and vacation home sales indicate that someone has some money. Maybe it is just those who didn't leverage their property to the hilt in the last boom. In any case, the article is an encouraging read for those who are selling and a kick in the checkbook for those who are buying.
There have been lots and lots of looking and tracking and researching and visiting properties by potential buyers in the past few years. Now they have started to actually write offers and buy again. If you, or someone you know, have been/has been/ are waiting for the "sign" that the market has hit bottom, I'd read the article.
Here's the direct link:
Investment and Vacation Home Sales Surge in 2011
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker